Is NMDC Steel technically bullish or bearish?

Jun 26 2025 08:09 AM IST
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As of June 25, 2025, NMDC Steel's technical trend has shifted to mildly bearish, driven by daily moving averages and weekly indicators, despite some mixed signals from MACD and Bollinger Bands.
As of 25 June 2025, the technical trend for NMDC Steel has changed from sideways to mildly bearish. The current technical stance is bearish with a mild strength. Key indicators driving this stance include the daily moving averages showing a mildly bearish signal, while the weekly Dow Theory and OBV also reflect a mildly bearish outlook. Although the weekly MACD and KST are mildly bullish, they are overshadowed by the overall bearish signals from other indicators. The Bollinger Bands indicate a mixed view with weekly bullishness but monthly mild bearishness, further supporting the bearish sentiment.
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